Enterprise Ireland
Annual Report and Accounts 2006
Annual Report and Accounts 2006
Working closely with Enterprise Ireland, Multis Group have ambitious plans to capitalise on their export success in the global IT remanufacturing and remarketing industry.
Having achieved $16 million in export sales in 2006, and exports expected to reach €20 million for 2007, the Galway based operation has begun a phase of major international growth and expansion.
Last year Multis opened a new €9 million headquarters and announced the creation of 50 new jobs. The Enterprise Ireland-supported investment at Multis' west Galway site, which includes manufacturing, marketing, and R&D facilities, was put in place as part of a scaling strategy to achieve significantly increased export sales over the next three years.
The new jobs will see Multis boost its staff levels to 170. It employs 30 in a satellite facility in the Netherlands and 35 at a new overseas presence in the Bay area in California, recently established to extend and leverage capabilities in the Americas.
Currently exporting to 47 different countries, Multis is a leader in the global market for remanufacturing, remarketing and product sustainability services in the IT industry. It's product range such as high-end computer equipment is remanufactured to an 'as new' standard for major names such as Hewlett Packard and Sun Microsystems.
Founded in 1994, Multis has grown to achieve outstanding international success at providing original equipment manufacturers, their partners and customers with full management solutions for retired, returned and excess products.
Enterprise Ireland has supported the company through its recent growth and is supporting the next phase of development in which Multis plans to become a major global solution provider.
CEO Sean Keenan says:
"Our plans for the future are ambitious. We have established a unique space in the market and a unique business model giving us a strong competitive edge. We aim to considerably increase turnover in the next three years, and will continue to scale up towards a target of €100 million."
Sean is taking part in the Enterprise Ireland Leadership 4 Growth programme, which is targeted at ambitious CEOs in high growth software services and technology companies. He sees his participation as a further sign of Multis' commitment to internationalising and growing exports.
He says:
"I may be the one on the programme but the learning outcomes will be shared and applied across the whole management team."
www.multisgroup.com (link opens in a new browser window)
